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?span style='font:7.0pt "Times New Roman"'> Rising feed costs hit pork industry
?span style='font:7.0pt "Times New Roman"'> The U.S. may import soybeans to address domestic supplies
Rising feed costs hit pork industry
Feb 18, 2021
Production costs will take a large bite out of any profitability in the hog market this year.
Steve Meyer, an economist with Partners for Production Agriculture, said rising grain costs are attempting to put the brakes on any momentum in the hog market.
揅orn and soybean meal prices have been on a rocket,?he said during a marketing outlook webinar hosted by the National Pork Board Feb. 9.
Meyer said China has been the driving force behind higher prices as it rebuilds its sow herd. He said a ban on garbage feeding and the switch to a grain-based swine diet has also boosted imports into China.
Meyer said soybeans could supply the real firepower...
The U.S. may import soybeans to address domestic supplies
By Amie Simpson, Brownfield
February 18, 2021
USDA Chief Economist Seth Meyer says the U.S. may import soybeans to address tight domestic supplies this year.
揥e may end up importing some?a small amount of this ? but there are probably at some time very specific reasons for folks to want to do that in terms of establishing relationships with other folks should they need to import,?he says.
He says it抯 not uncommon for the U.S. to import small amounts厰we often import small amounts of these products but at 90 million acres, under normal weather, it抯 not something we抮e going to have to do a lot of,?he says...